Broadstone Net Lease 2023 AFFO $1.41/share; to sell 75 healthcare properties (11% of ABR)

Broadstone Net Lease, Inc.

2023-FY EPS reported $0.83 revenue$442,888,000

Full-year 2023 AFFO $277.7M ($1.41/share), in line with guidance; net income $163.3M ($0.83/share).
Q4 AFFO $71.3M ($0.36/share); net income $6.8M; base rent collections 99.2%.
Healthcare simplification: 75 clinical/MOB properties for sale; contracts signed on 37 for ~$253M; Q1 2024 close.
2024 AFFO guidance $1.41/share; expects $350-700M investments and $300-500M dispositions.
Quarterly dividend raised to $0.285/share (from $0.28), payable April 15, record March 29.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Broadstone Net Lease, Inc. reported financial results for the year and quarter ended December 31, 2023.

Period: the year and quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 21, 2024, Broadstone Net Lease, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended December 31, 2023.

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4 earnings releases filed in the last 30 days. Browse all earnings releases →

Broadstone Net Lease, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-017932

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